• 52
  • 43
  • Favorite

Cathie Wood, Bullish On Bitcoin, Lifts Coinbase Stake Above $1B, Snaps Up More UiPath Shares

Benzinga2021-06-11

Cathie Wood-led Ark Investment Management on Thursday snapped up more shares inCoinbase Global Inc(NASDAQ:COIN) on the dip on Thursday.

Ark Invest bought 60,813 shares, estimated to be worth about $13.5 million in Coinbase on the day shares of the company closed 1.1% lower at $221.85.

Wood’s firm deployed theArk Innovation ETF(NYSE:ARKK) to buy the shares of the cryptocurrency exchange. The investment firm also holds the shares of the company via theArk Next Generation Internet ETF(NYSE:ARKW) and theArk Fintech Innovation ETF(NYSE:ARKF).

Ark's COIN stake is currently valued above $1 billion. In comparison, Ark Invest holds about 4.86 million shares, worth about $2.9 billion, inTesla Inc(NASDAQ:TSLA), its largest holding.

The investment firm also snapped up 1.08 million shares, estimated to be worth about $80.07 million in New York-based software automation companyUiPath Inc(NYSE:PATH) on the day shares popped higher.

Shares of the company closed 7.7% higher at $74.03 on Thursday.

The investment firm holds the shares of the company in all six active ETFs but deployed only four of them — theArk Genomic Revolution ETF(BATS:ARKG), theArk Autonomous Technology & Robotics(BATS:ARKQ),ARKKand ARKW — to buy the shares on Thursday.

ARKG bought 242,492 shares, ARKK bought 604,635 shares, ARKQ bought 87,472 shares, ARKW bought 147,038 shares on Thursday.

On a consolidated basis, Ark held 7.38 million shares worth $506.8 million in UiPath, as of Thursday.

The products of the Bucharest, Romania-basedsoftware companyare used by organizations to help efficiently automate their various business processes.

Some of the other key Ark Invest sells on Thursday includeIntercontinental Exchange Inc(NYSE:ICE) and buys includePure Storage Inc(NYSE:PSTG).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment43

  • jlwm
    ·2021-06-12
    buy
    Reply
    Report
  • fefelix
    ·2021-06-12
    crypto bull back again? 
    Reply
    Report
  • ckhing
    ·2021-06-11
    Why like this
    Reply
    Report
  • Xaviertoh
    ·2021-06-11
    Btc 
    Reply
    Report
  • FoolsMooney
    ·2021-06-11
    Cathie Wood-led Ark Investment Management on Thursday snapped up more shares inCoinbase Global Inc(NASDAQ:COIN) on the dip on Thursday.Ark Invest bought 60,813 shares, estimated to be worth about $13.5 million in Coinbase on the day shares of the company closed 1.1% lower at $221.85.
    Reply
    Report
  • RuniMan
    ·2021-06-11
    Just comment and reply thanks many many
    Reply
    Report
  • VictorTan
    ·2021-06-11
    Nice
    Reply
    Report
  • solidd
    ·2021-06-11
    LGTM
    Reply
    Report
  • SuiBianLah
    ·2021-06-11
    Interesting
    Reply
    Report
    Fold Replies
    • SuiBianLah
      Interesting
      2021-06-11
      Reply
      Report
  • scenichu
    ·2021-06-11
    Tell me your opinion about this news...
    Reply
    Report
  • yct
    ·2021-06-11
    Comment and like pls
    Reply
    Report
    Fold Replies
  • wallence82
    ·2021-06-11
    Bitcoin
    Reply
    Report
    Fold Replies
    • deyi123
      to the moon
      2021-06-11
      Reply
      Report
  • madnugget
    ·2021-06-11
    ?
    Reply
    Report
  • VictorLi
    ·2021-06-11
    [財迷] 
    Reply
    Report
  • ehkay
    ·2021-06-11
    [Surprised] 
    Reply
    Report
  • MIe
    ·2021-06-11
    Ark smart buy uipath at dip 
    Reply
    Report
    Fold Replies
    • Starbucks
      Agreed! [Miser]
      2021-06-11
      Reply
      Report
  • weifeng_86
    ·2021-06-11
    Comment pls
    Reply
    Report
    Fold Replies
    • gorgonzola
      done. like and comment back plse. thanks!
      2021-06-11
      Reply
      Report
  • 飙高音
    ·2021-06-11
    [財迷] 
    Reply
    Report
  • TheStig1238
    ·2021-06-11
    .
    Reply
    Report
    Fold Replies
  • JunWen162
    ·2021-06-11
    Wow
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial